Fund Partnership Agreement

Limited Partners

Limited Partner

the Fund Partnership Agreement

Confidential Private Placement

Fund

the U.S. Adviser

the Limited Partners

Alternative Vehicle

General Partner

Feeder Fund

the General Partner

Limited Partner's

Parallel Fund

Altemathre Vehicle

General Partner's Share

Parallel Funds The

Sony

Confidential Prnrato Placement

SOUTHERN FINANCIAL

SOUTHERN FINANCIAL LLC Section 6: Summary of Terms and Conditions Glendower Capital Secondary Opportunities Fund IV

SOUTHERN FINANCIAL LLC Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV

Deutsche Bank Group

Gerald Ford

Lawrence Hirsch Section

FED